Environmental Social Governance
What is it?
Environmental, Social, and Governance (ESG) is a framework that is used to evaluate the sustainability and ethical impact of a company or investment. Each component of ESG represents a different aspect of a company's operations.
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HOW DOES IT WORK?
ENVIRONMENT
This refers to a company's impact on the natural environment. It includes factors such as carbon emissions, energy consumption, waste management, water usage, and pollution. Companies that prioritise environmental sustainability often focus on reducing their carbon footprint, adopting renewable energy sources, and implementing eco-friendly practices.
SOCIAL
The social component of ESG looks at how a company manages its relationships with employees, customers, suppliers, and communities. It encompasses factors such as labour rights, employee diversity and inclusion, product safety, customer satisfaction, community engagement, and human rights. Companies with strong social practice prioritise fair treatment of employees, responsible supply chains, and active community involvement.
GOVERNANCE
Governance refers to the structure and processes that guide a company's decision-making and accountability. It includes aspects such as board composition, executive compensation, shareholder rights, transparency, and ethical business practices. Good governance ensures that a company is well-managed, maintains high ethical standards, and has effective risk management and compliance mechanisms.
OUR IMPACT
Our efforts are paying off
See what we have accomplished so far:
Tanks in schools
Invested into ocean projects
Connections made
MAKING A DIFFERENCE
Future Oceans Community Interest Company emerged from the great work being done by The Coral Centre in the UK.
The main protagonists of TCC wanted to create an open forum entity that allowed a much greater sharing of information and to look to see how their work in both the domestic and ocean arenas could attract a more diverse level of interest and funding. This funding is designed to be invested into projects that are actively engaging local communities, corporate entities, research groups and NGO’s into furthering our knowledge for coral reef renovation and how that process integrates with the marine environment. This all ties into the greater heading of Environmental, Social, Governance (ESG) that many companies (and their Shareholders) are wishing to be involved with.
Working with our local partners at Artecology, Future Oceans CIC has developed the Coral Pod TM , which is a manmade structure involving a multi-layer approach of semi hemispherical shapes. Each layer of these pods has a different set of openings and coral fixing points, which allow for other marine animals to inhabit those areas. This provides an enclosed system for marine biodiversity and protected areas for the lower food chain to grow, yet is easily and cheaply manufactured from the beach by the local community most affected. Studies are being created around the Coral Pod TM to see if Kelp can be grown from them, giving an opportunity for Kelp beds to be grown outside of their normal habitats. Kelp, being an excellent Carbon Capture plant, may have enormous value in the race to slowing Climate Change and provides a huge opportunity in the research area for Future Oceans CIC. This is an area that Future Oceans CIC have been in discussions with Portsmouth University over trials in local UK waters, such as the UNESCO World Biodiverse area of the Solent and Isle of Wight.
Education is one of the areas we are most interested in furthering and have ongoing opportunities with primary schools, to deliver educational coral tanks at this school level and cross reference to the whole of the school curriculum. This is connects to each schools’ Sustainability Plan and helps to easily engage children with real life learning opportunities that will affect their own futures. Future Oceans CIC is all about creating ideas and actions to add resilience to current coral reefs and underwater habitats, helping to regenerate where there is depletion and to be a recognised conduit in connecting all concerned entities to achieve the goals set out by global leaders. We want corporations, education entities and local communities to benefit from Future Ocean Foundation by:
our vision
We want corporations, education entities and local communities to benefit by...
Promote and advising on the creation of Aquaculture systems that benefit animal, human and environmental interactions for more sustainable seafood practices.
Educate local communities about their own working practices and to seek collaboration rather than conflict when working in those communities.
Improve being amongst employees in helping to improve the marine environment through site participation or via education modules and integration at a management level.
Schools who engage with Future Oceans CIC activities to benefit by educating students at all learning levels about the local marine environment and how to improve it.
Increased awareness, understanding and improved implementation of (ESG)responsibilities.
Engage with organisations at local, regional and global levels to help deliver programs for creating areas for sustainable seafood production
Providing research modules for students at Primary, Secondary and Post Graduate levels for reclaiming coral and fish stock growth.7
Connect communities via a global network of similar projects and information sharing.
Connect schools with other like-minded entities around the World who are participating in the projects.
Assist Government organisations to establish designatedMarine ProtectedAreas (MPAs)
